Abstract

Even though economic growth plays very important role in development, governments stressed the importance of happiness now. The crucial question is that what exactly is the relationship between happiness and money? Or, what can determine happiness? In recent years, the human well-being of its people has been accepted as a new economic inequalities measure. Not only economic performance of the country but also social, political and cultural performance of the country has been accepted as an indicator of better life of the people. Questions which will be discussed are thinking whether or not economic growth plays a major role in happiness and how the relation between economic growth and happiness. The purpose of this chapter is to investigate the relationship between economic growth and happiness in the MENA Region using an empirical analysis.

Introduction

Even though economic growth plays very important role in development, government stressed the importance of happiness recently. The crucial question is that what exactly is the relationship between happiness and money? Or, what can be the determinant of happiness? In recent years, the well-being of the people has been accepted as a new economic inequalities measure. Not only economic performance of the country but also social, political and cultural performance of the country has been accepted as an indicator of better life of the people. Questions which will be discussed are emphasizing whether or not the economic growth plays a major role in happiness and how the relationship between economic growth and happiness is.

The purpose of this chapter is to investigate the relationship between economic growth and happiness in the MENA Region using an empirical analysis.